Chip Stocks Following Intel’s Lead (INTC, AMD, TXN, NVDA, MRVL, BRCM, QCOM, ARMH, MIPS)

By Paul Ausick Updated Mar 27, 1:16AM EDT · Published Sep 7, 12:09PM EDT

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This morning’s announcement from Intel Corp. (NASDAQ: INTC) that it would miss its third-quarter revenue forecast has cast a pall over many other chip makers. A few have avoided taking a hit today, but not by much.

Chipmakers more closely associated with PCs and servers are getting the worst of it. Intel itself is down 3.4% at $24.24 in a 52-week range of $19.16 to $29.27.

Advanced Micro Devices Inc. (NYSE: AMD) is down about 3.7% at $3.52 in a 52-week range of $3.43 to $8.35.

Texas Instruments Inc. (NASDAQ: TXN) is down 1.6% at $29.09 in a 52-week range of $25.46 to $34.24.

Nvidia Corp. (NASDAQ: NVDA) is down 4.4% at $13.12 in a 52-week range of $11.47 to $16.90.

Marvell Technology Group Ltd. (NASDAQ: MRVL) is up 0.9% at $10.52 in a 52-week range of $9.98 to $16.86.

Broadcom Corp. (NASDAQ: BRCM) is essentially flat at $36.13 in a 52-week range of $27.59 to $39.66.

Qualcomm Inc. (NASDAQ: QCOM) is down 0.5% at $62.34 in a 52-week range of $46.40 to $68.87.

ARM Holdings plc (NASDAQ: ARMH) is down 0.1% at $26.24 in a 52-week range of $21.64 to $31.55.

The single biggest gainer among chipmakers is MIPS Technologies Inc. (NASDAQ: MIPS) which is up 1.4% at $7.40 after posting a new 52-week high today of $7.50 on more buyout hopes.

Paul Ausick

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.